Tax

Owning Real Estate in the United States
Canadians have been acquiring real estate in the United States for years. However due to the current strength of the Canadian dollar and the significant drop in real estate prices in certain parts of the U.S., Canadians have been more attracted to the U.S. real estate market. Read more »

What is a Registered Education Savings Plan?
A Registered Education Savings Plan (RESP) is a special savings account that can help you, your family or friends start saving now for your child’s education after high school. The Government of Canada registers RESPs so savings for education can grow tax-free until the person named in the RESP enrolls in studies after high school. Read more »

Canada is a Tax-Friendly Country
It is gratifying to report that Canada has the lowest business taxes of all the G7 countries, which include: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Read more »

The Benefits of a Tax-Free Savings Account (TFSA)
In 2009, the Federal Government introduced the Tax-Free Savings Account (TFSA), describing it as “the single most important personal savings vehicle since the introduction of the Registered Retirement Savings Plan (RRSP).” Read more »

How to Reduce Probate Fees
Probate fees are fees charged by provincial governments to probate your Will when settling your estate. Read more »

GST Housing Rebates
When you purchase a new home or make renovations to your existing home, you generally pay GST on the new home or your renovation expenses. Under the general GST rules one cannot recover the tax paid. However a housing rebate is available if certain conditions are met. Read more »

The Dilemma of Incorporation
There comes a time when many, if not all, entrepreneurs are confronted with the difficult decision of whether to incorporate. Read more »

Self-Employed or Employee?
To determine if a worker is an employee or a self-employed individual, one has to examine and analyze the terms and conditions of the worker’s employment as they relate to the following four factors. Read more »

Get MORE from your Business
Every business owner wants to reduce the tax they pay, but many have not created a plan that minimizes overall personal and corporate taxes for themselves or their families. Read more »

Registered Retirement Savings Plan
A Registered Retirement Savings Plan (“RRSP”) is a tax deferred retirement savings plan that is registered with the federal government. The concept behind it is that you contribute an amount to an RRSP and, in return, you receive a tax deduction for the amount of your contribution. Read more »

Tis the Season and the Government is Playing Santa!
If you have been to a mall or close by one lately, you will know that the Holiday season is upon us. The sound of jingles fill the air, the malls are busy, and children are checking out the newest toy for their wish list. Read more »

HST is here on July 1st - Be prepared with our free guide

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Joanne Pellegrino, Accountant, Izumi Outdoors Inc.

"In the three years that Ive been dealing with SB Partners I have always found them to be courteous, thorough and professional. Their work on our annual statements and tax returns is exceptional and their expertise makes my job a whole lot easier."